According to the public record, Flat 2, Coombes House 122, Purley is a modern leasehold apartment with 775 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Coombes House, Riddlesdown Road, Purley, CR8.
Riddlesdown Road, Purley, CR8 is located in the borough of Croydon within the CR8 postal district.
Flat 2, Coombes House 122, Purley has a single entry in the Land Registry database from July 2022 and a single entry in the EPC database dated January 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for Flat 2 Coombes House 122 Purley as £449,808 and the rental value as £1,917 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Flat 2 Coombes House 122 Purley has increased by £8,179 (1.8%) and its rental value has increased by £92 per month (4.8%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 2, Coombes House 122, Purley is in very good condition we estimate a sale value of £472,298 and rental value of £2,013 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £418,321 and a rental value of £1,783 per month.
If you were able to purchase this property for the estimated value of £449,808, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,211 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 2, Coombes House 122, Purley was last sold on 25 Jul 2022 for £475,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jul 2022, the market for similar properties has dropped 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 2, Coombes House 122, Purley within a radius of 630 metres over the last 2 years.
The most recent example is Flat 1, 57, Downs Court Road, Purley, CR8 1BF, a Leasehold flat which sold for £475,000 in Nov 2021.
Read more about house prices in CR8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Riddlesdown Road, Purley, CR8 has a total of 208 addresses. According to our analysis of all the public data, Flat 2, Coombes House 122, Purley is the 188th largest and the 176th most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in CR8.
Flat 2, Coombes House 122, Purley has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Jan 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to Flat 2, Coombes House 122, Purley is Riddlesdown station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 2, Coombes House 122, Purley, 48.2% of property is privately owned with a mortgage and 44.0% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 2, Coombes House 122, Purley, 22.4% of residents are recorded as possessing school level qualifications and 54.9% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 2, Coombes House 122, Purley, the average age was 40.9 and the most common age was 32.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 2, Coombes House 122, Purley, 2.7% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 2, Coombes House 122, Purley, there are an average of 1.5 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.